elder care: Do You Need Long Term Care Insurance?
- 01/27/11 01:53 AM
When most of us think about our final years, we consider our life insurance policy and whether it would be enough to protect our families. But what about costs related to hospice care, in-home nursing, or assisted living? My colleague Linda Rey has written a very informative blog post on long term care insurance, including what it covers, and who can most benefit from the policy.It may not be for everyone, but some of the benefits of having long term care insurance include: Receiving tax-free money when you get sick Avoiding spending your whole life savings on medical care Claiming tax deductions … (1 comments)
elder care: Checklist for Buying Funeral Insurance
- 12/16/10 04:23 AM
According to the National Funeral Directors Association, the average funeral cost is now $6,560. Do you have that kind of cash available? If you don’t have life insurance to pay for final expenses, insurance earmarked for a funeral or burial can help direct the money according to your wishes.It's not a fun subject to consider, but insurance expert Linda Rey explains that funeral insurance can make a big difference at a very difficult time for a family. State laws allow funeral home directors to sell pre-need insurance to those who want to plan their funerals. The funeral director writes the policy, files … (1 comments)
elder care: Selling Home Could Affect Medicaid
- 02/09/09 06:45 AM
Summary: When you hold the title to a home it's considered your asset and Medicaid will take that into account when determining your benefits. What can you do to avoid Medicaid putting a lien on a home that you own but don't live in? How can you ensure that a family member can continue to live there and still meet your own financial needs for elder care? Q: A number of years ago my parents transferred title to their house to my sister and me with the understanding (not in writing) that they could continue to live there as long as … (2 comments)
When most of us think about our final years, we consider our life insurance policy and whether it would be enough to protect our families. But what about costs related to hospice care, in-home nursing, or assisted living? My colleague Linda Rey has written a very informative blog post on long term care insurance, including what it covers, and who can most benefit from the policy.It may not be for everyone, but some of the benefits of having long term care insurance include:
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